Tinubu Seeks National Assembly’s Approval for Fresh $23.5bn, €2.265bn, ¥15bn, N757.9bn Loans Debt rolling plan outlines external borrowing for federal, sub-national govts for over two years, Finance Ministry clarifies Says debt rolling plan does not equate to automatic increase in the nation’s debt burden
Adedayo Akinwale and Sunday Aborisade in Abuja
President Bola Ahmed Tinubu
yesterday, formally requested the approval of the National Assembly to secure a new wave of multi-currency loans amounting to approximately
$23.5 billion, €2.265 billion, ¥15 billion, and N757.9 billion (totaling about N45 trillion when converted to Nigeria’s currency).
The borrowing plan spanning multiple international lenders and development institutions marks one of the most ambitious external financing
proposals of his administration to date. Specifically, the President is seeking approval for the capital raising of up to $2 billion in the domestic debt
market. This, he said, was to ensure the Continued on page 9
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June 12: Kola Abiola Demands Recognition for Persons Murdered, Jailed by Abacha Emmanuel Addeh in Abuja
L–R: Minister of Women Affairs, Hajia Imaan Sulaiman-Ibrahim; Minister of state for Education, Prof. Suwaiba Said Ahmad; Wife of the Deputy Senate President, Hajia Laila Barau; Wife of the Speaker, House of Representatives, Hajia Fatima Tajudeen Abass; Wife of the Vice President, Hajia Nana Shettima; First Lady of Nigeria, Senator Oluremi Tinubu; Minister for Education, Dr. Tunji Alausa; Sultan of Sokoto, HRH Muhammad Sa’adu Abubakar; Governor of Borno State, Prof. Babagana Zulum; and Emir of Zauzau, HRH Amb. Nuhu Bamalli, at the launch of the Special Adolescent Girls Initiative for Learning & Development (AGILE) Additional Financing to States and AGILE Games Award Ceremony, held at the State House, Abuja, yesterday
Kola, the first son of the late billionaire businessman, Moshood Kashimawo Abiola, yesterday released what he described as a ‘substantive response’ to the recent book released by former Head of State, Ibrahim Babangida, Continued on page 9
PDP NEC: Tinubu’s Negligence, Abdication of Constitutional Duties Buoying Terrorism Says policy inconsistency, wholesale corruption, massive treasury looting, budget padding, public funds diversion, responsible for loss of investor confidence Defers discussions on Anyanwu to next NEC meeting on June 30 Lamido warns collapse of party may breed emperor as president
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GUEST LECTURE SERIES HOSTED BY ACCESS BANK...
L–R: Comptroller General of Immigration, Kemi Nanna Nandap; Chairman, Access Bank Plc., Paul Usoro (SAN); Honourable Minister of Interior, Olubunmi Tunji-Ojo; Chairman, Access Holdings Plc., Aigboje Aig-Imoukhuede; Acting Group Chief Executive Officer, Access Holdings Plc., Bolaji Agbede; and Managing Director/Chief Executive Officer, Access Bank Plc., Roosevelt Ogbonna, during the Guest Lecture Series hosted by Access Bank at Access Tower, Victoria Island, Lagos… recently